JSW Infrastructure, the ports division of Sajjan Jindal’s JSW Group, has submitted bids for the purchase of three ports as part of the government’s privatization initiative totaling Rs.2,000 crore. The company’s capacity would increase by another 10–12% thanks to these ports. In a separate development, the second-largest commercial port operator in the nation based on…
After the completion of these projects, India will burn 292 million tonne (MT) more coal yearly, according to power minister RK Singh’s announcement that the country will add additional 25 to 30 gigawatts (GW) of thermal power to its existing 49 GW of coal-based plants. The typical plant load factor (PLF) in India is 65%-75%,…
This year, consumers will spend more than ever during the holiday season of October to November, which includes Dussehra and Diwali, as many break free from months of restrained spending. According to predictions made by businesses, consultancies like Deloitte and Redseer, and industry groups like the Confederation of All India Traders (CAIT) and the Clothing…
On Friday, Tata Steel and the UK government jointly pledged £1.25 billion in investments to upgrade the Port Talbot plant’s coal-based electric arc furnace (EAF) to a lower-emission model. While the UK government will give up to £500 million, Tata Steel would invest around £700 million over the course of the following four years from…
According to a report released on Friday by the Reserve Bank of India, India’s foreign exchange holdings decreased by USD 4.992 billion to USD 593.904 billion for the week ending September 8. The pot had increased by USD 4.039 billion to USD 598.897 billion over the previous reporting week. The nation’s foreign exchange reserves hit…
In order to reach net zero emissions by 2040, Oil India Ltd. (OIL) chairman and managing director Ranjit Rath announced on Thursday that the state-owned corporation wants to invest Rs.25,000 crore in renewable energy. The corporation has made the decision to invest in projects to end flaring as well as green hydrogen, solar, geothermal energy,…
Over the next five years, small scale manufacturers are predicted to invest Rs.10,000 crore in the stainless steel park that Jindal Stainless (JSL) is developing in Odisha. In addition, the industrial park, which is anticipated to be operational in the following two years, would also provide up to 20,000 jobs. The nation’s first stainless steel…
KEC International Ltd., a leading global infrastructure EPC company, said on Wednesday that its Transmission & Distribution (T&D) division has received a prestigious turnkey order for Rs.1,145 crore. Design, delivery, and construction of a 380 kV overhead transmission line in the Kingdom of Saudi Arabia (KSA) are all included in the deal. The corporation has…
Prior to future festivities like Vijaya Dashami and Deepawali, the Nepali government plans to import 20,000 metric tonnes (MT) of sugar from India to accommodate domestic demand. The Finance Ministry has approved the import of only 20,000 MT of sugar at this time, despite the Ministry of Industry, Commerce, and Supplies’ request for a 60,000…
In early trade on Wednesday, the rupee traded in a narrow range against the US dollar as high crude oil prices and a strong greenback offset the support from favorable macroeconomic data. Foreign exchange dealers claimed that domestic industrial production and retail inflation data were better than expected and backed up investor confidence. Investors are…
